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According to a new study by Grand View Research, a U.S. market research firm, the global market value of
coatings
is expected to reach $362.8 million by 2024. In the coming period, the temperature display coating will be more used in the field
road sign
automotive coatings and automotive coatings. In addition, the temperature coating is also widely used in refrigerators, medical care, aquariums and other products of the temperature system.
in home appliance applications, especially in Brazil, India, China, Vietnam and other economies, the field of temperature coatings is expected to further expand. It is expected that the increase in disposable income in these areas will further stimulate market demand over the next eight years.
data show that in 2015, reversible temperature display coatings accounted for 65% of the total. Moreover, this trend will continue for some time due to increased demand in a number of areas (e.g. fabric, indoor and refrigerator thermometers, food quality indicators, forehead thermometers, temperature cups, temperature toys, etc.).
2015, the global market demand for thermodythats exceeded 1,200 tons, according to a new study. By 2024, it is expected to reach 2,276.5 tons, with a compound annual growth rate of 6.6%.
2015, home appliances and decorations were the main application areas of temperature-showing coatings, with a market share of 35.2%.
2016-2024, the growth rate of thermodythats in industrial applications is expected to reach up to 7.0%. Industrial applications include heat treatment, metalworking, riveting, welding, etc.
Europe as the main consumer area of thermodystic coatings, accounting for 37.9% in 2015. The study points out that the application of the temperature display mark in the medical field has been supported by policy, thus promoting the consumption of the temperature display coating in this area.
major global manufacturers of temperature display coatings include CAPCO, LCR Hallcrest, LA-CO Industries, TIP Temperature Products, B.H. Color Change, SFXC, Good Life Innovations, Ltd., and Lakfbriek Korthals BV. It is worth noting that the industry is very competitive in product prices.
